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Bernard Hickey : Better off despite crunch - New Zealand HeraldPetrol and diesel prices have crashed more than 30 per cent since hitting a record high in July. Lower demand from China and the United States has sucked the crude oil price from a peak of almost US$150 a barrel midway through the year to under US$50 ...
Sheila Bair's Mortgage Miracle - Wall Street JournalWhat do you do if you've spent your career encouraging mortgage loans to people who can't repay them? Barney Frank's answer is to grill federal officials on why they aren't preventing foreclosures. Infuriated at the difficulty of modifying mortgages ...
The Bailout So Far - Wall Street JournalHere's a fact to mull over: Washington a few months ago might have bought the entire stock of subprime mortgages for about half the money committed by the Fed and Treasury last week to prop up Citigroup and spur consumer and mortgage lending. Corbis ...
Global stocks trim gains - Reuters CanadaLONDON (Reuters) - European shares fell after staging a sharp rally last week and the yen rose on Monday as investors looked to interest rate cuts in several major economies, while oil dropped as OPEC delayed a decision on a third supply cut. The ...
GLOBAL MARKETS-Equities trim gains, yen rises, oil falls - ReutersLONDON, Dec 1 (Reuters) - European shares fell after staging a sharp rally last week and the yen rose on Monday as investors looked to interest rate cuts in several major economies, while oil dropped as OPEC delayed a decision on a third supply cut ...
Central Bankers Open the Floodgates to Fight Deflation - Safe HavenIn the early 1980's, the Federal Reserve's headlines figures for the M1, M2, and M3 money supply aggregates flashed at the top of trader's radar screens, and jolted US T-bill rates by 50-basis points or bond yields by 30-points within minutes ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. In a few minutes, the leaders of the nation’s automakers will go before Congress and attempt to explain exactly how their companies are ...
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